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Daimler AG recently sold its stake in Tesla Motors, Inc. The move of the parent of Mercedes-Benz came as a surprise in the automotive industry this week. According to Automotive News, Daimler held a 4 percent stake in the electric car company. The sale of Daimler’s shares earned it a hefty $780 million. The sudden decision of the German multinational corporation raised a lot of questions in the automotive industry. So far, the speculations below were among the suspected reasons of Daimler’s sudden divestiture of its shares: 1. Tesla’s Decision to Share its Patents to Competitors for Free The primary reason why Daimler invested $50 million in Tesla in 2009 is to have access to… Continue Reading »

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Before the Mercedes-Benz GLA even went on sale, it already garnered widespread adulation from car enthusiasts. According to TorqueNews, the new luxury compact SUV was handpicked by the readers of the German “auto motor und sport” magazine as the most beautiful car in the world. The GLA shared this distinction together with the S-Class Coupe in the poll. The Mercedes GLA is Expected to Attract More Entry Level Buyers Another report from Automotive News confirmed that Mercedes is expecting more entry-level buyers for its luxury compact crossover vehicle. In fact, the company predicted that it might even exceed the demand seen in the CLA when it came out. The GLA shares the same… Continue Reading »

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The Mercedes CLA has been very instrumental in boosting the sales momentum of Mercedes-Benz in the U.S. Due to the overwhelming demand of the luxury car particularly in the U.S., Daimler has warned consumers earlier this year that they might have trouble with the supply. The US dealership of Mercedes-Benz also said that the tight supply might remain until June this year. Extra Shift in Hungary Plant for the Production of Mercedes CLA Announced According to Automotive News, the parent company of Mercedes-Benz has recently started to take action on the issue by adding a third-shift in its plant located in Kecskemet, Hungary. Daimler stated that the extra shift in… Continue Reading »

It has been reported that Daimler will be announcing their decision on Maybach on July 1st, however it seems that it will be postponed until late July. Previously, reports said that there are only two options, to axe the brand or to get a partnership with the British carmaker Aston Martin. In an article from Automotive News, a third option emerges and according to three company sources the other option is to keep Maybach as a Mercedes-Benz brand, like AMG. While AMG is the sub-brand for sports and performance vehicles, Maybach would be used for the company’s top-of-the-line models for S, CL and GL class. As of now, spokespersons of… Continue Reading »